First and foremost, consider this type of collaboration a long-term investment and a crucial step in your business strategy. And every smart investment brings a return.

It’s almost impossible to calculate the final cost of a software project (and you shouldn’t believe those who tell you the opposite) due to many factors. However, three main aspects make up the cost:

1. Product size. Simple products have a basic feature set, relatively fast and easy to implement. More complex software requires more resources and more substantial budgets. Similarly, complex projects involving active customer interaction and external system integrations cost a lot.
2. Software type. The product type defines the course of its development. It includes the feature set, design complexity, and, as a result, tech stack.
3. Team. Similarly to choosing tech stacks, the product type and size also define the team. The final cost depends on an hourly rate, the number of specialists, their expertise, and their experience.

Experienced developers tend to use agile project estimation practices to minimize risks and establish good relationships with the client. This approach goes beyond a raw calculation of abstract working hours but is based on previous experience with similar projects and estimation of the final product’s value.

A discovery phase is one of the best ways to do the calculations efficiently. Typically, it covers the requirements, business objectives, and tech stack. Once these aspects are covered, it’s possible to provide a client with an estimate.

Software Programming Tools:

Some developers try to sell selected tech stacks as “popular” or “trendy.” However, as it’s believed in serious IT, a software development company should offer a tech stack that solves the tasks and reaches the project’s goal cost-effectively.

While there are indeed popular and widespread technologies, the instruments should first be effective. That’s why different tools and languages serve different project types and solve separate tasks. They typically belong to a particular type of software development, although many languages, for example, are universal.

How to Choose A Software Company:

Essentially, you look for a reliable tech partner to fill in the gaps in your expert knowledge and skills. To do it right, you need to consider several factors like fields of expertise and a portfolio of successful cases.

The contractor must meet the goals and needs of your business. Before starting your search for a development firm, it’s vital to understand what exactly you’ll be looking for. Here are six questions that help business owners outline their search criteria.

1. Do I fully understand my idea?
2. Do I fully understand the competition and the market situation?
3. Do I have enough knowledge of the technologies needed for my project?
4. What is the main functionality of the future solution? Which features should it have?
5. Do I have the time and budget for successful project completion?
6. How will my project grow and develop in the future?

Once you answer these questions, you start looking for potential candidates on Google or through friends, family, colleagues, and other connections. In the case of Google search, it’s better to narrow down the query by using “CRM software development company” or “streaming media platform development”.